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stuart: in the absence of the likelihood of a fiscal cliff deal the dow is down 88 points sitting right at 13,000. we're tired of talking about the negotiations and the political in-fighting on the fiscal cliff issue. we want to know what happens to our money if we go flat-out over it. which seems likely. joining us is a certified financial planner and he's got the numbers for us. go through this one at a time. go flat out, a cliff dive, what happens to the income taxes i pay? >> number one on income taxes, six brackets,10%, 35%. now five brackets, 15% to 39.%. everybody to currently pays federal income tax will come january pay more. >> pay more tax absolutely. stuart: next one, estate taxes. >> probably one of most unfair taxes there are, but estate taxes are going up. currently 35%, going up as high as 55%, but that's not the only problem. you have exemption amounts that in 2012 were 5 million dollars a person. portability meant that you could have portable, if your spouse died 10 million exemption, going to 1 million dollar exemption, no portability. stuart: hold on now, that's drac
stuart: in the absence of the likelihood of a fiscal cliff deal the dow is down 88 points sitting right at 13,000. we're tired of talking about the negotiations and the political in-fighting on the fiscal cliff issue. we want to know what happens to our money if we go flat-out over it. which seems likely. joining us is a certified financial planner and he's got the numbers for us. go through this one at a time. go flat out, a cliff dive, what happens to the income taxes i pay? >> number...
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Dec 28, 2012
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at last a deal reached. no, not on the fiscal cliff. we are live in miami, florida, next. the holidays are a sweet spot for cinnabon. president -- joined us and how this year is stacking up for her company. not even 40 years old and on her way to greatness. ♪ ♪ >> it is 1:41 p.m. and time for your fox business brief. president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new rules to use the internet. the communist country now requires users to provide their real name to service providers. it places a greater burden on web companies. fox sports media group is buying cleveland indians sports channel. it is worth -- it will give fox sports the right to broadcast indian games for ten years. it is owned by news corporation. that is the latest from the fox business network. giving you the power to prosper. ♪ david: who does not know that sweet smell of cinnabon. you follow your noses to the bakery chain nearest store every day. it is not just here in the united sta
at last a deal reached. no, not on the fiscal cliff. we are live in miami, florida, next. the holidays are a sweet spot for cinnabon. president -- joined us and how this year is stacking up for her company. not even 40 years old and on her way to greatness. ♪ ♪ >> it is 1:41 p.m. and time for your fox business brief. president obama will meet with congressional leaders in just a few hours from now. right now, the dow is down 72 points. the chinese government is announcing stiff new...
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Dec 28, 2012
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on the fiscal cliff. we told you minutes ago we understand from a source that the president is not unvailing a new offer, but going with the original offer which was dismissed by the g.o.p. leaders so that is one aspect of this. we're also told by an administration showrs that president obama will not be on a call to ceos scheduled at 5:30 this afternoon eastern time. the administration officials saying, quote, it's a routine call with business leaders and white house staff be giving them the latest on the fiscal cliff". lloyd will be on the call according to a source, and still working on exactly what's transpyring inside the white house. that's lloyd blankfind there, again, not part of the call with the ceos, and conferring with the chief executives on what's going on with the fiscal cliff arrangements or, you know, negotiations because, obviously, critical getting closer and closer to the fiscal cliff, session lows now, the news does not portend good news with regard to the negotiations down 158 points
on the fiscal cliff. we told you minutes ago we understand from a source that the president is not unvailing a new offer, but going with the original offer which was dismissed by the g.o.p. leaders so that is one aspect of this. we're also told by an administration showrs that president obama will not be on a call to ceos scheduled at 5:30 this afternoon eastern time. the administration officials saying, quote, it's a routine call with business leaders and white house staff be giving them the...
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Dec 28, 2012
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i think we are going over the fiscal cliff and the market thinks so and sometime in the first year things get revolved retro act toiv 2012. the market is accustomed to that and learned to deal with it. >> now you know how our guys are making money but the question is how about you? are you buying treasuries into the cliff? head to futures now.cnbc.com. vote in our poll. make your voice heard ere. scott, back over to you. >> thanks so much. have a good weekend. see you on the other side. only one guy to go to on this. he is the author of "unhedged." >> "unhedged." >> what is the trade here? >> the trade is i don't want to be short treasuries at least in too big a fashion going into the fiscal cliff. but, man, that is going to be -- if they pop that is going to be the last hurrah. i want to get short both hands. >> all right. ahead on "halftime" a round of hold 'em or fold 'em with the year's biggest winners and losers but first we debate whether 2013 will finally give facebook investors gains. one stock two opinions. you know what's coming up. the silicon valley trail blazer gives us her t
i think we are going over the fiscal cliff and the market thinks so and sometime in the first year things get revolved retro act toiv 2012. the market is accustomed to that and learned to deal with it. >> now you know how our guys are making money but the question is how about you? are you buying treasuries into the cliff? head to futures now.cnbc.com. vote in our poll. make your voice heard ere. scott, back over to you. >> thanks so much. have a good weekend. see you on the other...
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Dec 28, 2012
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to avert the fiscal cliff. you can see the nasdaq down about 9 points or so. to get stock specific, facebook in the news. it was the worst performing stock on the nasdaq 100 this morning but rebounding over the last hour. a facebook spokesperson speaking out in response to a report that said instagram was seeing a decline in users. facebook writing that this data is inaccurate. we continue to see strong and steady growth in both registered and active users of instagram. interestingly enough, if you take a look at some of the best performing stocks on the nasdaq 100, facebook made that list but still down from its ipo that it made back in may. that's putting it into perspective. stockstill down 30% from its ipo. >> pick it up from there. seema, thank you very much. >>> in the meantime, it is what everybody is talking about, the fiscal cliff deadline. in just one hour leaders from both sides of the aisle are scheduled for a sitdown and pow wow with president obama. our eamon javers is there. can we expect the bes
to avert the fiscal cliff. you can see the nasdaq down about 9 points or so. to get stock specific, facebook in the news. it was the worst performing stock on the nasdaq 100 this morning but rebounding over the last hour. a facebook spokesperson speaking out in response to a report that said instagram was seeing a decline in users. facebook writing that this data is inaccurate. we continue to see strong and steady growth in both registered and active users of instagram. interestingly enough, if...
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, to avoid the fiscal cliff, before that january 1st deadline. these are some of the sectors that we're keeping watch on. financials were among the worst performing sectors yesterday. as we look at them, they are extending those losses today. they've been a very strong performer in 2012, but concerns about the cliff are having a big impact on this group. taking a look at the commodity stocks, dollar strength putting pressure on this group as well. the dollar is one of the areas where you're seeing some green in today's session. commodities weaker across the board. we are seeing strength in crude oil, though. it is up slightly in today's trade. we're also, of course, watching the vix. yesterday it spiked above that 20 mark and that was something that hadn't happened in about five months. this, of course, is an index of fear among investors. you can see it spiking a little bit higher. we'll see where it moves at 3:00, and after that, of course, if we get any news about the talks that are taking place this afternoon at the white house. guys, back to
, to avoid the fiscal cliff, before that january 1st deadline. these are some of the sectors that we're keeping watch on. financials were among the worst performing sectors yesterday. as we look at them, they are extending those losses today. they've been a very strong performer in 2012, but concerns about the cliff are having a big impact on this group. taking a look at the commodity stocks, dollar strength putting pressure on this group as well. the dollar is one of the areas where you're...